Coinbase Global, Inc. (COIN) P/E Ratio History
Historical price-to-earnings valuation from 2021 to 2025
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COIN Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, Coinbase Global, Inc. (COIN) trades at a price-to-earnings ratio of 44.5x, with a stock price of $197.96 and trailing twelve-month earnings per share of $11.02.
The current P/E is 44% below its 5-year average of 79.1x. Over the past five years, COIN's P/E has ranged from a low of 18.5x to a high of 620.0x, placing the current valuation at the 83th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.4x, COIN trades at a 233% premium to its sector peers. The sector includes 774 companies with P/E ratios ranging from 0.0x to 195.8x.
The PEG ratio of 0.88 (P/E divided by -53% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, COIN commands a significant premium over the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our COIN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
COIN P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $4B | 12.9Lowest | - | +262%Best | |
| $71B | 38.6 | 0.15Best | +31% | |
| $39B | 39.2 | 1.32 | +28% | |
| $164B | 30.8 | 13.46 | +18% | |
| $60B | 33.9 | 0.35 | +27% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
COIN Historical P/E Data (2021–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $337.49 | $11.56 | 29.2x | -63% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $350.49 | $10.34 | 33.9x | -57% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $172.23 | $5.34 | 32.3x | -59% |
| FY2024 Q4 | $248.30 | $9.50 | 26.1x | -67% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $178.17 | $5.87 | 30.4x | -62% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $222.23 | $5.58 | 39.8x | -50% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $265.12 | $5.02 | 52.8x | -33% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $173.92 | $0.28 | 620.0x | +684% |
| FY2022 Q1 | $189.86 | $9.68 | 19.6x | -75% | |
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $252.37 | $13.61 | 18.5x | -77% |
| FY2021 Q3 | $227.48 | $11.41 | 19.9x | -75% | |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $253.30 | $9.64 | 26.3x | -67% |
Average P/E for displayed period: 79.1x
Full COIN Stock Analysis
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Start ComparisonCOIN — Frequently Asked Questions
Quick answers to the most common questions about buying COIN stock.
Is COIN stock overvalued or undervalued?
COIN trades at 44.5x P/E, below its 5-year average of 79.1x. At the 83th percentile of historical range, the stock is priced at a discount to its own history.
How does COIN's valuation compare to peers?
Coinbase Global, Inc. P/E of 44.5x compares to sector median of 13.4x. The premium reflects expected growth above peers.
What is COIN's PEG ratio?
COIN PEG ratio is 0.88. Below 1.0 indicates valuation is supported by earnings growth rate. Historical P/E data spans 2021-2025.